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"The reason Mr Manafort put on no witnesses in his defense is that his lawyers and he believed that they created doubt through their examination of the government's witnesses", said Jacob S. Frenkel, a former United States federal prosecutor and partner at Dickinson Wright law firm.

Reporters and spectators line up outside the courthouse to watch scheduled closing arguments in the bank fraud trial of former Trump campaign manager Paul Manafort in Alexandria, Va., on Wednesday.

Judge Ellis mentioned in his 31 years on the bench he has had much longer trials than this one and he has never allowed for two hour long closing arguments.

On Monday, the vice president of Federal Savings Bank, Jim Brennan, testified he knew Manafort lied about his finances when he applied for $16 million in loans from the bank.

Prosecutors allege Manafort knowingly misled banks about his income in order to secure personal loans he needed to fund a lavish lifestyle and to service debts including hundreds of thousands of dollars spent on baseball tickets.

This comes as his defense team decided not to present a case on his behalf and did not call up any witnesses.

Special counsel prosecutors rested their case on Monday after bringing more than two dozen accountants and associates of Manafort to the stand.

Special Counsel's Office Prosecutor Greg Andres, in a dark blue suit, white shirt and black tie, took a sip of water and began his closing argument at about 10 a.m.